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Financial Resources for Seniors

We all become more dependent on others as we age, making us more vulnerable to potential financial abuse. Older victims of financial abuse, including investment fraud, are especially at risk; if seniors lose all or part of their life savings they have less time to recover their financial stability.

 

The effects of senior financial abuse and exploitation go well beyond the pocketbook and can lead to social isolation, depression, anxiety and other negative health effects.

 

Financial abuse of seniors could include:

    • a fraudulent investment;
    • an investment that is unsuitable for the seniorís circumstances;
    • theft; or
    • financial exploitation.

 

Questionnaire


What is the number one thing that would be helpful to know about finances, financial services or products such as investments, insurance, pensions or consumer products?




Have you or anyone you know ever experienced difficulty accessing financial services, or have you ever felt financially taken advantage of by someone?

 


 

If you had everything you needed to meet your financial needs and feel comfortable accessing and using financial products and services, what would that look like?




Age


 Under 25
 25-34

 35-44

 45-54

 55-64

 65+



Employment

 
Retired

 
Retired but now working part time

 
Retired but now working full time

 
Working part-time

 
Working full-time

 
Not working





 

In this section:

Downloadable Resources

 

Recognizing Financial Abuse

This brochure helps families and caregivers recognize red flags of financial abuse and take the next step to report and stop the abuse.


Financial Concerns Checklist

This checklist will help you start a conversation if you are concerned about the financial well-being of your parents or a senior close to you or you suspect they may be suffering financial abuse.


Strengthening Seniorsí Financial Literacy

Financial literacy means having the knowledge, skills and confidence to make responsible financial decisions.


5 Myths on Elder Financial Abuse

Protect yourself and seniors in your community by recognizing these 5 myths on elder financial abuse.

Early Signs of Financial Decline

Spotting these signs of early financial decline can help protect your loved ones.


FCNB Senior Engagement Sessions
FCNB Forum on Senior Financial Abuse

 

Learn more about protecting your finances on our Tools & Resources page

2016 © Financial and Consumer Services Commission